The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots doesn't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
* First-half net profit tops analysts' expectations
* Corporate insurance arm posts net loss in H1
* Company expects improvement in combined ratio (Adds details, background)
FRANKFURT, July 31 (Reuters) - Swiss Re on Wednesday posted a 5.3% drop in first-half net profit from a year earlier, dented by claims from natural catastrophes and cases related to the Ethiopian Airlines crash and Boeing 737 MAX fleet grounding.
The world's second-largest reinsurance company also posted a loss in its commercial insurance arm, which is in the process of restructuring.
Net profit came in at $953 million, down from $1 billion a year earlier, but better than analysts' expectations of $848 million, according to Reuters calculations and data from Refinitiv.
The Zurich-based company marked a net profit despite a low volume of claims for the broader industry from natural catastrophes during the first half of the year.
However, Swiss Re pointed to belated claims from last year's typhoon Jebi in Asia, storm losses in Australia, and the claims from the Ethiopian Airlines crash and grounding of the Boeing 737 MAX fleet.
The combined ratio in its property and casualty division, a key measure of profitability, was 100.5% in the first half, worse than 92.9% from a year earlier. Readings below 100 indicate profitability, and the company said it expected the division's ratio to be about 98% this year.
"We are confident that the measures we are taking in corporate solutions will return the business to underwriting profitability," Swiss Re Chief Executive Christian Mumenthaler said.
The corporate insurance arm posted a net loss of $403 million, swinging from a profit of $58 million a year ago. Swiss Re said it was reducing risk at the unit and expected to be profitable in 2021. (Reporting by Tom Sims, editing by Riham Alkousaa and Sherry Jacob-Phillips)